Facebook Chief Product Officer and WhatsApp VP Resign; FB Shares Down

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Facebook Headquartes Building 20

Facebook (NASDAQ: FB) CEO Mark Zuckerberg announced that two of the company’s top executives are leaving. FB shares declined 1.85 percent to $170.17 each on Thursday.

In a note to employees on Thursday, Zuckerberg said Facebook’s Chief of Product Chris Cox and WhatsApp Vice President Chris Daniels resigned from their positions.

“I’m sad to share the news that Chris Cox has decided to leave the company. Chris and I have worked closely together to build our products for more than a decade and I will always appreciate his deep empathy for the people using our services and the uplifting spirit he brings to everything he does,” wrote Zuckerberg.

Cox started as an engineer working on Facebook’s original News Feed and climbed his way up to the management level.  He helped trained employees whom Zuckerberg described as “great leaders” who are now “in important roles across the company. Cox recently supervise the social network giants’ strategy for its apps.

Additionally, Zuckerberg disclosed that WhatsApp Vice President Chris Daniels is also departing. According to him, Daniels is “one of the clearest and most principled business thinkers” he ever met.